Doorstep lenders - how does it work?

There are lots of ways we try to help you when you take a loan with Morses Club - this 'how it works' section is just one of them!

At Morses Club we try to keep our loans simple. We can get your cash loan to your door, to spend on what you need when you need it!

To make taking out a loan with us clear and straightforward we have put together some information to help you through the whole process of your doorstep loan - from research to loan management.

You'll find a step by step guide on how to apply. Applying for credit can seem daunting, and this is designed to help you. Although the application process is automated, home collected loans like ours are a personal method of borrowing, as you deal with people face to face. Knowing how and why our application process works should make it simpler for you.

We've included some guidelines on how to manage your loan correctly. Your agent will go through all this with you in person, but if you need a reminder you'll find tips and hints here.

Because we're a responsible lender we've included some information on doorstep loans, so you can do some research and see if this is the right kind of loan for you. There's also a borrowing guide that details a bit more about our interest and charges. This way you know upfront exactly what your loan will cost.

We've also included some information about our loan agents, to reassure you that you are in safe hands. Our home collection loans offer a friendly and personal service. Our agents are there to help you and answer your questions as well as to collect your repayments.

If you can't find what you're looking for in this section then don't worry. Take a look at our FAQs for answers to any specific questions you may have, or if you're a little confused about any of the terms that we use, try our jargon buster.

Our loan guides are there to help you decide what kind of loan it is you need, and the loan calculator will show you what your repayments will be on any of our loans.

For any other questions about how it works, please feel free to give us a call!

Representative Example:

£200 loan repayable over 33 weeks at £10 per week, Rate of interest 102.4% p.a fixed; Representative 433.5% APR, Total amount payable is £330.

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